Looking to diversify beyond LABFX? The mutual funds below have historically moved differently from LABFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LABFX
4 mutual funds have low correlation with LABFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | -0.02 | 0.11 | 83 | Diversified Portfolio | LABFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.50 | 66 | Diversified Portfolio | LABFX vs MHELX | |
| Lord Abbett Ultra Short Bond Fund | 0.23 | 0.18 | 0.14 | 99 | Ultrashort Bond | LABFX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.23 | 0.25 | 0.21 | 78 | Short-Term Bond | LABFX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.32 | 0.21 | 0.21 | 88 | Total Bond Market | LABFX vs LLDYX |
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